In developing a retirement plan there are several factors to consider in addition to the amount you need or want to save.

1. Income Taxes.

The above discussion did not take into consideration income taxes. You might have to save more if you have to pay income taxes on all or part of your retirement benefit or your contributions. Distributions from qualified employer plans are always subject to retirement income tax. (more…)

TIAA offers two investment choices at present: the TIAA Traditional Annuity and the Real Estate Account. Both accounts are relatively stable investments.

The TIAA Traditional Annuity is the only investment option that offers a guaranteed return. The guaranteed level is generally low and can be changed, depending on prevailing market conditions. It provides an absolute bottom for those participants looking for a minimum return level, albeit well below existing market rates. (more…)